B. Tembo plans to deposit K1,000 into his savings account which pays 8% interest, next year. I. If the bank compounds interest annually, how much will Tembo have in his account four years from now? [5 Marks] II. If the bank compounds interest continuously, how much will Tembo have in his account four years from now? [5 Marks] III. Suppose Tembo has an option of making 4 equal annual deposits in Year 1, Year 2, Year 3 , and Year 4 into the same account. Assuming the same interest rate of 8%, how large would each deposit be to obtain the same ending balance as in (II) above? [5. Marks]